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You decide to buy at $\$100.00$ , fill $10{,}000$ shares at an average of $\$100.15$ , and the stock closes at $\$100.40$ . What is the implementation shortfall, in dollars?

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Execution: market impact, implementation shortfall and capacity

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Citadel, Citadel Securities, Two Sigma, AQR

You decide to buy at $100.00\$100.00$100.00, fill 10,00010{,}00010,000 shares at an average of $100.15\$100.15$100.15, and the stock closes at $100.40\$100.40$100.40. What is the implementation shortfall, in dollars?

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You decide to buy at $\$100.00$ , fill $10{,}000$ shares at an average of $\$100.15$ , and the stock closes at $\$100.40$ . What is the implementation shortfall, in dollars?